Deutsche Hypo extends refinancing of Varso Place in Warsaw

The financing of the Varso Place building complex in the heart of Warsaw has been successfully restructured and increased. An international banking consortium is providing a total of €510 million to the developer HB Reavis. Deutsche Hypo – NORD/LB Real Estate Finance is contributing €40 million to the financing. The term of the existing loan has been extended until September 2030.

Located adjacent to Warsaw’s central train station, Varso Place offers approximately 144,000 sqm of mixed-use space. The complex combines modern office areas, retail and dining options, a hotel, and a health and fitness centre. Its centrepiece is the Varso Tower, designed by the internationally renowned architecture firm Foster + Partners. At 310 meters, it is currently the tallest building in the European Union. The tower spans 53 floors, features two publicly accessible observation decks, and houses Warsaw’s highest garden at a height of 206 meters. The project is certified with BREEAM (Outstanding) and WELL (Gold) standards.

“Varso Place exemplifies Warsaw’s urban transformation. Its ESG certifications and international visibility highlight its significance in the European commercial real estate market. We are proud to contribute to the long-term development of this urban landmark and to be part of one of the most prominent transactions in Poland,” says Beata Latoszek, Head of the Warsaw Representative Office at Deutsche Hypo–NORD/LB Real Estate Finance.